Incline Equity Partners Closes Oversubscribed Ascent II Fund at $500 Million
- Editor
- Jan 23
- 2 min read
What's Happening: Incline Equity Partners has successfully closed its Ascent II Fund, significantly exceeding its initial target with $500 million in committed capital. The fund, which was heavily oversubscribed, complements Incline's existing flagship and extension funds, enhancing the firm's strategy to invest in durable businesses across services, value-added distribution, and specialized light manufacturing.
The Key Moves:
Ascent II closed with approximately $500 million in committed capital, surpassing its initial fundraising target.
The fund includes meaningful participation from Incline partners and employees.
Ascent II follows the successful raise of Incline Equity Partners VI, which closed with over $1.9 billion in 2023.
By The Numbers :
Incline can now invest across a broad range of enterprise values from $25 million to $750 million.
Incline Equity Partners VI closed with more than $1.9 billion in aggregate capital commitments in 2023.
Ascent II raised approximately $500 million in committed capital.
Key Quotes:
"The exceptional demand for Ascent II further reinforces the continuation of our strategy to partner with growing middle market companies," said Jack Glover, Managing Partner.
"We exceeded our fundraising goal due in large part to the strong support from our longtime investor base and want to thank them for their continued confidence in our approach."
"We remain committed to driving value for our investors, companies and employees."
The Bottom Line: Incline Equity Partners' successful closing of the oversubscribed Ascent II Fund at $500 million demonstrates strong investor confidence in the firm's middle market investment strategy. This new fund, combined with their existing funds, positions Incline to invest across a wide range of enterprise values and reinforces their commitment to partnering with growing companies in services, value-added distribution, and specialized light manufacturing sectors.
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